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Essential Accounting Concepts

Across
Right side of the T-account
Financial statement that includes amounts of assets, liabilities, and equity of a business as of a specific date.
Resets revenue, expense, and withdrawal account balances to zero at the end of the period.
Financial statement that identifies a company's cash receipts and cash payments over a period of time
Excess of revenues over expenses
Down
Left side of the T-account
Used to record the details of all financial transactions.
Assets=Liabilities+Equity
Made at the end of an accounting period to reflect a transaction or event that is not yet recorded.
listing of the ledger accounts along with their respective debit or credit balances.